This process gives the ability to step (annually) depreciation over some or all of the periods of a contract. This method may be required if it is decided to depreciate more in the early years than the later years of a contract. This process enables the user to input depreciation on a year by year basis as a percentage value. Standard Residual Value Templates are used to streamline the process and these are stored at variant level. On creating a new agreement the system displays the user with a default Depreciation Template and depending on priority the values may be amend as necessary.
What do you want to do?
The following step by step process should be followed:
Access the stepped depreciation process
From the Master Menu, select the Fleet Kompact option and Company required.
The Kestrel Kompact Menu is displayed.
Select the Contract Management option.
The Contract Management form is displayed.
Select the 
icon.
The Create Contract form wizard is displayed so that a new agreement may be created by way of either an existing fleet quotation or manual input.
The manual input process is available for the input of values that are pre-calculated via an external source. A series of five forms are displayed in the form of a wizard prompting entry of the correct data for establishing a valid agreement.
Select the Manual input radio/option button then select the Next command button until the Rentals form is displayed.
Select the 
icon.
Set the Stepped Depreciation system parameter
Select System Maintenance from the main Kompact menu.
The System Maintenance Menu is displayed.
Select the System Parameters option.
Tick the Stepped Depn? checkbox in the General Group Box of the General Tab.
Depreciation Value Management Setup
Select Miscellaneous Options from the main Kompact menu.
The Miscellaneous Options Menu is displayed.
Select Residual Value Templates option.
The Residual Value Templates form is displayed.
Select the Create command button.
Immediately to the right of the Franchise field use the
![[...]](Ellipsis.gif){kind=small}
button to select
the required manufacturer for which an annual percentage residual value depreciation
is to be entered.
Immediately to the right of the Model field use the
button to select
the required model for which an annual percentage residual value depreciation
is to be entered.
Tip: Leaving this field blank denotes that the annual percentage residual value depreciation is applicable to all models for the selected manufacturer.
Immediately to the right of the Variant field use the
button to select
the required variant for which an annual percentage residual value depreciation
is to be entered.
Tip: Leaving this field blank denotes that the annual percentage residual value depreciation is applicable to all variants for the selected model.
Single-left-click in the Percentage column of the depreciation grid against the required year (up to 10 years may be entered) and enter the required annual depreciation percentage.
Repeat this procedure for each year that is to be defined.
Select the second enabled Create command button.
This process should be followed for each manufacturer/model/variant derivative that requires a depreciation table.
View the Depreciation Template form in the Create Contract process
Select the Contract Management option.
The Contract Management form is displayed.
Select the
icon.
The Create Contract form wizard is displayed so that a new agreement may be created by way of either an existing fleet quotation or manual input.
The manual input process is available for the input of values that are pre-calculated via an external source. A series of five forms are displayed in the form of a wizard prompting entry of the correct data for establishing a valid agreement.
Select the Manual input radio/option button then select the Next command button until the Rentals form is displayed.
Select the
icon.
The Depreciation Template form is displayed that. This enables the default stepped depreciation template (for the selected vehicle variant) to be viewed or modified (depending on User Permissions.
A single-left-click in either the appropriate Depn% or the Depn Value cell
of the grid enables the default value to be modified; this, in turn, modifies the corresponding WDV value and totals.On saving the form the system populates the NetRV field with the Total at the bottom of this column. The Residual field is populated with a VAT inclusive value (Net RV + VAT) if the vehicle is qualifying or Net RV if non-qualifying.
Set up BASIS code for stepped depreciation
A new posting BASIS element must be introduced to calculate depreciation on a Stepped annually basis; this is set up within the Posting Elements table.
The new code is called DEPRN (or STEPD) and is activated when used in conjunction with Multi-posting table slot 34 in the Vehicle Admin Tab of the Posting Tables Setup table in Miscellaneous Options.
Setting Permissions to Edit the Default Residual Template
Select Miscellaneous Options from the main Kompact menu.
The Miscellaneous Options Menu is displayed.
Select User Permissions option.
The User Permissions form is displayed.
Immediately to the right of the User ID field use the
button to select
the required user.
Select the Amend command button.
Tick the Edit Depn Template checkbox in the Kompact Tab.
